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Swift smart modules seek stronger security

Swift has published a series of eLearning modules as it ramps up its cybersecurity defences in the face of hacking threats.

The SwiftSmart modules will help its customers operate their Swift environment “securely and in-line with best practice”. The move is also a “critical part” of its Customer Security Programme launched in May 2016. That five-part plan was a result of various hacking incidents.

The 60 new eLearning modules and ‘How to’ videos are now available for all Swift customers with a MySwift login. The modules will be made available to all Swift members later this year, as announced at Sibos.

SwiftSmart is an interactive, cloud-based service that provides a catalogue of online courses, from basic introductions to Swift to advanced instructions on payment systems. The service enables customers to educate and train their staff anytime, anywhere and from any device.

The new series of modules includes introductory courses to Swift connectivity, security and software solutions as well as security best practice courses for different Swift users.

It has also launched an education page on its site to “help increase awareness outside of the Swift community”. The page has several publically available eLearning modules such as connectivity and cybersecurity.

Cyber at Sibos

At Sibos in Geneva, chief technology officer of Swift, Craig Young, said it is vital that the Swift community learns from cyberattacks and strengthens co-operation. He said such attacks were increasing in number and sophistication across all industries.

Young’s words felt old as they were similar to the speech in June by Swift CEO Gottfried Leibbrandt. He warned banks with inadequate cyber defences they could find themselves booted off Swift’s payment network.

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